Bernanke to Update Congress on Economic Outlook May 22

Federal Reserve Chairman Ben Bernanke will update Congress on the central bank’s economic outlook on May 22 in testimony before the Joint Economic Committee, according to a release on the website of the panel’s vice chairwoman.

Fed watchers will be listening closely for any indication Mr. Bernanke gives on how and when the central bank will begin winding down its $85 billion-a-month bond-buying program. Mr. Bernanke’s testimony will coincide with the release the same day of the minutes from the Fed’s policy meeting earlier this month, which could also offer more detail on the Fed’s plans.

Mr. Bernanke is scheduled to testify at 10 a.m. on May 22, according to the committee site of Sen. Amy Klobuchar (D., Minn.). The minutes of the Fed’s policy meeting are expected to be released at 2 p.m.

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